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<br /> L - � TOQETHER WITH all the improvements now or hereafter erected an the propnrty,suid ull eaxemenls.uppunenances.
<br /> und flxwres now or hereaiter a ps�rt of the property. All r�placements and addidons shull also be covemd by this Security
<br /> In�trument. All ai the faregoing ix�eferred ta in thia Secu�ity Inswment ax the"Prupeny."
<br /> ���.._ - BO�tROWER COVBNANTS that Rorrower is lawfully neiced of the estute hereby conveycd and hus the rigbt to grant
<br /> �'" �•'�??'- •� and convey the E'ropeny suid that the Property is unencumbered,except for encumbmnces of record. Bonower w�t+nls and
<br /> • ,,�,,., will dePend generally the title to the Prope�ty ageinst�11 claimc and demunds.subJect to any encumbrances of recnrd. _
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<br /> ,.��,,.._E.�;�� THIS SECURI7'Y 1NSTRUMENT cambines uniform covenents far national use and non-unifoan covenanls wilh LS_
<br /> .�� �.. limited vnriations by jurixdictiW►�o constiwte a uniform security instrument coverin�reul property.
<br /> `•''�.�j„�r-,P�' UNIFORM COVENANTS. Horrowcr and Lender covenant and agree as follows:
<br /> _—"'�;,_,;;�.��,.�,�� , ' 1. Payment oP Princf{wl and Inlerest;Prepaymenl And Late Chprges. liorrowcr shull prompUy pay when due the
<br /> �A'�.;�, •.: • —�' ' principal of and intere�t o�ths debt evidenced by thc Note and any prepayment and IAte charges due under the Notc.
<br /> "`' -'�r��' ' ' 2. F u n d s P o r 7 b x e a A n d I n s u r a n c e. S u b j e c t t o a p plicable law or to a written wniver by l.ender,Bortower shall pay ta
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<br />�,�,.J1,�;���,�,;t _. Lender on the day monthly paymenis are due under Ihe Note,until the Note is paid in full,a sum("Funds")for:(a)yearly
<br /> ti. -�. tcuces an d assessmen t s w h ic h m a y a l t a i n p r i o r�t y o v e r t h i s S e c u d t y I n s t r u m e n t�s a l i e n o n t h e P r o p e r t y;(b)y e a r l y I c a s e hold
<br /> �,,: :;,,�.,.�� .:,,,..; aarl flood -
<br /> .,���!_•.�.���a;r,.,,?,i. � ., payments ar ground renta on Ihe PropeRy. If any; (c) ye+u'ly hazard or propeny insurance premiums; (d) y y
<br /> ".'",,,,;: ; .�„ • 1nsuranco premiuma, if any: (c) ycnrly mortgnge insurance premitims, if uny; and(� any sums p•ryable by Borrawer to
<br /> �•;��•�"�•" � �. Lender,in s�ccardance with the provisions of purugrnph 8,in lieu of the pnyment of mortgage insurance premiums. 7'hese
<br /> �i.','�;K�;�,;.-, .y:��'� "„� items are callsd"Escrow Items." Lender may,at any time.collect and hold Funds in an amount nat to exceed the maximum
<br /> ^ ,:��•r ,d;•� '�- ', ' nmount a lender for a federally related martguge loan may require for Borrower's escrow account under the federal Reul _
<br /> �:`�.,,.,:�=; .�"-';:•• Estate Settlement Procedures Ac��f 1974 ax amended f�om time ro time,l2 U.S.C. #2601 et seq.("RESPA"),unless another Q __
<br /> A..,�:,�.•.:-��• �} law that applica to t6e Funds sets a IesRer amount. If so,Lender may,at any time,collect and hold Funds in sin amount not to �:_---
<br /> _ �' ' excecd the lesser umount. Lender may estlmate the amaunt of Funds due on the basia of current dat� and reasonable -
<br />� •^"���"` � esumates of expenditures of fWUre Escrow Items or dherwise in accordnnce wi�h applicable Isw. __
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<br />�r ,�x:;,,i;�,.�;�;��:�� ° Thc Funds shall be held in an inslitution whose deposits are insured by a federal agcncy, instrumentality. or enhty __
<br /> � "` °:{`�`:�-.: •"'t n�• ' (including l.ender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
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<br />�±t:, ,�_y„: a • the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow --•
<br />�:: , , �, . account,or verifying Ihe Escrow Items, unless Lencier pays Borrawer interest on the Fbnds and upplicable law permits
<br /> a�� ,r..:.�.,h••��� '�;��,• Lender to make such a chtuge. However,Lender may require Borrower to pay a one-time charge for an independent real
<br /> _ • - � '<<'��`�� eswte tnx reporting service used by L.ender in connection with this loan,unless applicuble law provides atherwise. Unless nn
<br />,�"•�� .' � , • ' agreemcnt is made or Applicabk law requires interest to be paid,Lender shall not be required to pay Borrower any interest or
<br />�;"' - � � eamings on the Funds. Borrower and l.ender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br />���•' � shall give to Borrower,without charge,nn nnnual accounting of the Fund�.showing credits and debits to the Funds and the �
<br /> i"'�� , purpose for which each debit lo the Funds was made. The Funds are pledged as additional securiry for all sums secured by _._
<br />�i;�'. . •�s�;< this Security Instrument.
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<br /> .,�, if the Funds held by Lc�KiC� rx�aed ihe amaunts permiited to be held by applicable law. I Ptx�er �hall account to ___.__
<br /> . � "`?` BoROwer for the excess H►nds in accordance with the requirements of applicable law. If the amount of the Funds held by �.
<br /> � � ' r'���:° Lender at any time is nat sufficient to puy the Escrow Items when due,L.ender ms►y so notify Borrower in writing,und,in
<br /> "����� •���""'' ° o ower shall a to Lender the amount necessary to mnke up the dePiciency. Borrower shall make up the �j"'
<br />• , .... , such casc D rr p y
<br /> � , ';:L;�,; . dei'iciency in no more than twelve mornhly puyments,at Lender's sole discretlon. .�_
<br /> j Upon payment in full of all sums secured by ihis Security Instrument,Lender shall promptly refund to Borrower any
<br />� � Funds held by l.ender, lf,under parugruph 21,L.ender xhnll acquirc or sell the Propeny,Lender,prior to the acquisition or
<br /> . - ' an Funds hald b l.ender at thc tima of acquisition or sale ua n credit against the sums �``
<br /> sale of�he Property,shall upply y y
<br />? 1�`�' secured by�his Securily instrument.
<br />; ,.;,,.,.., 3. Application of Payments. Unlexs applicub� law provideti otherwixe, all payments received by Lender under �=°�
<br /> t. ,' paragraphs 1 und 2 shall he applied:first,to uny prepayment churges duc under the Note;second,to amounts payable under ►� -=•
<br />. • „ pamgraph 2;third,to interest duc;founh,to principal due;and last,to nny lale charges due under the Note. --N
<br /> 4. Charges; Liena Borrower shull puy �II taxes,as�exsments,charges, fines und impositions attributablc to the
<br /> a•. ! F:- •• � Property which may nttwin priority over this Securiry Instrument,and lensehold payments or graund rents,if any. Borrower �'��=
<br /> ,�:�:; •- shall pay these oblign�ions in thc munner provided in paragruph 2,or if not paid in that manner,Borrower shall pay them on
<br /> �'.�'• time directly to the person owed payment. Borrower shall prompdy furnixh to l.ender all notices of amounts to be paid under :�,;:
<br /> ' � this paragraph. If Borrower mukes these puyments directly, Borrower shall prompQy fumiRh to Lender receipts evidencing �yi,-,:
<br /> � ' ' ' . the puymenls. ---
<br /> � . " Bortower shall promptly discharge uny lien which has priority over�his Security Instrument unless Borrower:(e)ngrees
<br /> in writing to the puyment of the obligs�lion tiecured by the lien in u munner�cceptuble to Lender;(b)contests in good faith the ---
<br />�� "��� � � lien by,or defends ngainst enforcement of the lien in,IegAI proceedings which in the Lencier's opinion operate to prevent the
<br />!� � • enforcement of the lien; or(c)sccures from the holdcr of the lien an agrcement sntisfACtory to Lender subordinating the lien ��
<br /> r` �� to this Security Instrument. If Lender determines�hat any pun of�he Propeny is subject ta u licn which muy auain priority �
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<br /> • over this Security Inswment.Lender may give Bortower a notice identifying the lien. Bortower shall satisfy 1he lien or take ��.
<br /> . '�<<;;�•� wie or morc of the uclions set forth nbove within 10 days o(the giving of notice. �.'�
<br /> •• 5. Hoza�d or Properly Insurance. Borrower shull kcep thc improvemen[�now existing or hereufter erected on the
<br /> .. Propeny imur�d against loss by fire,haz•rrds included within Ihr term"extended crnerage"�nd uny other haz:�rds,including ���
<br /> ' iloods or flooding,for which Lender reyuires insurancc. This in.urancr shull be muinluined in the amounts and for the
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